PM fears impact of migration slide on residential sector
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Subscribe to our newsletter
NOLLAMARA, 6061 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $361,500.
Profits due to an downward trend in home prices in the suburb averaged -3.73% per annum over a 3-year period.
NOLLAMARA now ranks at the 237th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in NOLLAMARA are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $320 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NOLLAMARA, homes and units usually stay on listing for an average of 73.0 days.
In 2016, 176 properties were sold in NOLLAMARA during the past year, making it the 310th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $361,500 | $269,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.96% | 0.56% |
| Median 12 month | -4.87% | -15.94% |
| Median 3 years | -11.18% | -22.25% |
| Median 5 years | -23.09% | -31.64% |
| 10 years average annual | -0.74% | -2.88% |
| Weekly media advert. rent | $320 | $325 |
| Time on Market | 73.0 days | 95.8 days |
| Gross Rental Yield Percent | 4.6% | 6.28% |
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Landlords who are providing their tenants with rent relief during the COVID-19 crisis are now able to apply for land tax concessions. ...
More than half of Australian investors expect property prices to tumble over the next 12 months, a new survey has revealed. ...
The Australian Housing and Urban Research Institute (AHURI) is undertaking several priority research projects which aim to help governments ...
With the end of financial year approaching, coupled with the current climate, two experts have shed light on the value of investors having g...
A local professional has highlighted four key trends likely to impact Australia’s real estate industry. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
